US Laws, Codes, Statutes & Cases

                                  TITLE  41
                                  INSURANCE
                                  CHAPTER 36
                        INSURANCE GUARANTY ASSOCIATION
    41-3613.  PREVENTION OF INSOLVENCIES. To aid in the detection and
prevention of insurer insolvencies:
    (1)  The board of directors, upon majority vote, may make recommendations
to the director for the detection and prevention of insurer insolvencies. Such
recommendations shall not be considered public documents.
    (2)  The board of directors may, upon majority vote, make recommendations
on matters generally relating to improving or enhancing regulation for
solvency.
    (3)  The board of directors may, at the conclusion of any domestic insurer
insolvency in which the association was obligated to pay covered claims,
prepare a report on the history and causes of such insolvency, based on the
information available to the association and submit such report to the
director.
    (4)  All domestic insurance companies subject to the coverage of this
chapter must maintain the paid-up capital stock or basic surplus and the
additional surplus set forth in section 41-313, Idaho Code.
    (5)  Domestic reciprocal insurance companies issuing only fully assessable
worker's compensation policies are not subject to coverage of this chapter but
must meet the requirements of section 41-313A, Idaho Code.